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Showing 81 - 90 of 108 results for "US Congress"

Bail-out Plan B

BENJAMIN ONG  |  THURSDAY, 13 NOV 2008
... exploring ways to facilitate credit lending to consumers and businesses. The TARP package was initially sold to the US Congress as a plan to buy illiquid assets from lending institutions, repairing their balance sheets and allowing them to resume their ...

Market Wrap - Midday

AAP  |  THURSDAY, 2 OCT 2008
... at keeping the US economy from entering a severe downturn. The package must still return to the lower house of the US Congress, the House of Representatives, which voted against an earlier version on Monday. At 1200 AEST, the benchmark S&P/ASX200 was ...

Head or tails?

BENJAMIN ONG  |  WEDNESDAY, 1 OCT 2008
Heads, you lose US$1 trillion. Tails, you lose US$700 billion. This is the stark choice that stares the US Congress in the face after seeing the market pandemonium that followed their rejection of the Treasury/Federal Reserve's bail-out package. Relative ...

Bill failed, what next?

MICHELLE BALTAZAR  |  TUESDAY, 30 SEP 2008
The Australian stockmarket lost $45 billion by noon after the US Congress rejected the proposed bail-out package, but local investment experts argue that we are nowhere close a doomsday scenario, in fact quite the contrary. Sharemarket expert Dale Gilham ...

Soup for Christmas

BENJAMIN ONG  |  TUESDAY, 30 SEP 2008
... Financial markets' hopes for some stability while the economy gather enough strength to recover evaporated after the US Congress voted 228 to 205 against the Emergency Economic Stabilization Act of 2008. The S&P 500 index's performance last night highlighted ...

Market Wrap - Morning

AAP  |  TUESDAY, 30 SEP 2008
... down on Monday as global financial turmoil claimed fresh victims in Europe, and investors waited nervously for the US Congress to pass a huge Wall Street bailout package. The benchmark Nikkei 225 fell 149.55 points, or 1.26 per cent, to close at 11,743.61. ...

Emergency Economic Stabilization Act of 2008

BENJAMIN ONG  |  MONDAY, 29 SEP 2008
... Finally, at the 11th hour, and to avoid further downward pressure on financial markets when they open this week, the US Congress agreed on the final details of the US$700 billion rescue package, named the Emergency Economic Stabilization Act of 2008 ...

Market Wrap - Morning

AAP  |  MONDAY, 29 SEP 2008
The Australian stock market generally has received positive leads from Wall Street, particularly with news this morning that US congressmen have reached agreement on a rescue package for US financial institutions. On the Sydney Futures Exchange at 0745 ...

Global recession coming?

BENJAMIN ONG  |  FRIDAY, 26 SEP 2008
... proposed US$700 billion Treasury Asset Relief Program. Equity markets closed higher overnight following reports that the US Congress is close to approving the package. But while Wall Street watches the discussions on Capitol Hill, other things are unfolding ...

Market Wrap - Morning

AAP  |  FRIDAY, 26 SEP 2008
... agreement in principle on a $US700 billion plan to revive the crippled financial system. It is hoped both houses of US congress will vote on the plan within days. Wall street and European markets have reacted positively to the news, with major indices ...